HPE Growth

HPE Growth Capital, established in 2010, is a pan-European private equity firm headquartered in Amsterdam, with additional offices in Düsseldorf and San Francisco. The firm specializes in growth capital investments, focusing on minority stakes in high-growth technology companies across Northern and Western Europe, particularly in Germany and the Benelux region. HPE Growth targets companies with revenues between €10 million and €20 million, investing between €10 million and €40 million per transaction, typically acquiring a significant minority stake of 20% to 49%. The firm seeks to support companies in the software, internet-enabled, and energy sectors, including the Internet of Things, and aims to provide active support and long-term growth capital to enable portfolio companies to achieve market leadership.

Amaury de Buyser

Vice President

Nigel Diesveld

CFO and Chief Risk Officer

Laura Kone

Associate

Adrian Schwarz

Principal

33 past transactions

PPRO

Private Equity Round in 2024
PPRO is a fintech company specializing in digital payments infrastructure, enabling businesses and banks to streamline their payment processes through a single connection. The company offers a comprehensive platform that includes credit card processing, alternative payment methods, local cash collection, e-money accounts, and e-wallet facilities. PPRO's solutions allow payment platforms, acquirers, and merchants to access essential services, such as fraud screening tools, without the need for complex coding. Its orchestration layer efficiently manages process flows and data, ensuring that partners can deliver seamless end-to-end services to their customers. Notable clients, including Citi, PayPal, and Stripe, utilize PPRO's infrastructure to enhance their operations, improve conversion rates, and simplify the complexities associated with digital payments.

XEMPUS

Series D in 2022
Xempus is a prominent European platform specializing in the distribution of pension and life insurance products. It operates as a software-as-a-service solution, facilitating the online purchase and management of these financial products for life insurers, insurance agents, corporations, and employees. The platform is designed to streamline information flows and enhance user experiences by providing a cohesive interface that connects all relevant stakeholders. With a user base that includes over 250,000 corporations, more than 55,000 insurance agents, 200 sales organizations, and 45 life insurers, Xempus demonstrates significant market reach and influence. The company is headquartered in Munich, with additional offices in Berlin and Saarbrücken, and employs over 170 professionals dedicated to advancing its technological offerings in the financial sector.

PubNub

Series E in 2021
PubNub, Inc. is a provider of a Data Stream Network that enables developers to create real-time applications across various industries, including healthcare, gaming, e-learning, and IoT. Founded in 2009 and headquartered in San Francisco, the company offers a secure and user-friendly API that facilitates the development and management of real-time applications and connected devices. PubNub's infrastructure supports over 70 SDKs, ensuring rapid data transfer times and the ability to scale for hundreds of millions of devices. Its solutions include real-time communication, chat applications, live dashboards, and machine-to-machine signaling, allowing businesses to efficiently connect and control their data and applications at a global scale.

EGYM

Series E in 2021
EGYM is a global fitness technology company that specializes in providing intelligent workout solutions for fitness and health facilities. The company offers a comprehensive platform that integrates connected gym equipment and software, enabling operators to enhance the workout experience for their members. EGYM's offerings include a B2B corporate fitness subscription solution tailored for employers, as well as personalized, data-driven fitness experiences for users. This approach supports individuals in achieving their fitness goals, whether related to muscle gain, performance, or rehabilitation. EGYM's commitment to member success is reflected in its belief that the success of gym operators is intrinsically linked to the progress of their members towards improved physical and mental wellness.

Sendcloud

Series C in 2021
SendCloud is a shipping platform designed for online retailers. It connects businesses to multiple shipping carriers, streamlining processes like label creation, tracking, and returns. The platform is easy to implement, taking just five minutes of a webshop's time. By optimizing the full shipping journey, from checkout to returns, SendCloud helps businesses save time and money, while also potentially increasing conversion rates at checkout.

EGYM

Venture Round in 2021
EGYM is a global fitness technology company that specializes in providing intelligent workout solutions for fitness and health facilities. The company offers a comprehensive platform that integrates connected gym equipment and software, enabling operators to enhance the workout experience for their members. EGYM's offerings include a B2B corporate fitness subscription solution tailored for employers, as well as personalized, data-driven fitness experiences for users. This approach supports individuals in achieving their fitness goals, whether related to muscle gain, performance, or rehabilitation. EGYM's commitment to member success is reflected in its belief that the success of gym operators is intrinsically linked to the progress of their members towards improved physical and mental wellness.

PPRO

Private Equity Round in 2020
PPRO is a fintech company specializing in digital payments infrastructure, enabling businesses and banks to streamline their payment processes through a single connection. The company offers a comprehensive platform that includes credit card processing, alternative payment methods, local cash collection, e-money accounts, and e-wallet facilities. PPRO's solutions allow payment platforms, acquirers, and merchants to access essential services, such as fraud screening tools, without the need for complex coding. Its orchestration layer efficiently manages process flows and data, ensuring that partners can deliver seamless end-to-end services to their customers. Notable clients, including Citi, PayPal, and Stripe, utilize PPRO's infrastructure to enhance their operations, improve conversion rates, and simplify the complexities associated with digital payments.

XEMPUS

Series C in 2020
Xempus is a prominent European platform specializing in the distribution of pension and life insurance products. It operates as a software-as-a-service solution, facilitating the online purchase and management of these financial products for life insurers, insurance agents, corporations, and employees. The platform is designed to streamline information flows and enhance user experiences by providing a cohesive interface that connects all relevant stakeholders. With a user base that includes over 250,000 corporations, more than 55,000 insurance agents, 200 sales organizations, and 45 life insurers, Xempus demonstrates significant market reach and influence. The company is headquartered in Munich, with additional offices in Berlin and Saarbrücken, and employs over 170 professionals dedicated to advancing its technological offerings in the financial sector.

Tiqets

Series C in 2019
Tiqets is a ticketing platform that simplifies the process of purchasing admission tickets for museums and attractions worldwide. Founded in 2014 and headquartered in Amsterdam, the company provides travelers with hassle-free access to cultural experiences through instant and mobile tickets, allowing users to buy e-tickets in advance and use them directly from their smartphones. This eliminates the need to wait in long lines at venues. In addition to serving consumers, Tiqets offers technology and marketing tools to museums and attractions, helping them enhance onsite conversions and encourage repeat visits. The platform connects a wide range of prominent venues across Europe, the United States, and the Middle East, effectively revolutionizing ticket purchasing for both local and international visitors. Tiqets has expanded its presence with offices in several major cities, including London, Bangkok, and Tokyo.

Monedo

Venture Round in 2019
Monedo, a fintech company, leverages machine learning and alternative data sources to provide credit and digital banking services to the underbanked. Its offerings include consumer loans, a digital wallet, and a personal finance manager to help customers manage their credit score and spending. Additionally, Monedo's "Lending as a Service" model allows partners to integrate its credit products into their own platforms.

Shape Security

Series F in 2019
Shape Security, Inc. is a cybersecurity company specializing in protecting web and mobile applications from automated cyber-attacks. Founded in 2011 and headquartered in Santa Clara, California, with additional offices in Sydney and London, the company utilizes AI-powered defenses to mitigate fraud, abuse, and attacks on applications and APIs. Its key products include ShapeShifter Elements, which enforces real-time security measures, and Shape Protection Manager, a cloud-based management tool for its services. Shape Security has successfully deflected over $1 billion in fraud losses across various sectors, including retail, finance, travel, healthcare, and government, safeguarding organizations from reputational damage and financial losses.

WeTransfer

Secondary Market in 2019
WeTransfer is a cloud-based file transfer platform that facilitates the effortless sharing of ideas among creative professionals. Since its inception in 2009, the company has developed a comprehensive ecosystem of productivity tools that enhances collaboration, allowing users to efficiently send and transfer large files. With over 87 million monthly active users across 190 countries, WeTransfer operates on a dual revenue model based on subscriptions and advertising, maintaining profitability since 2013. As a certified B Corporation™, the company is dedicated to using its business as a force for good, having donated up to 30% of its advertising space to support artists and various social causes.

Zava

Series A in 2019
Zava is an online healthcare service that provides remote consultations and prescriptions through licensed general practitioners. The platform enables patients to receive medical treatment conveniently without the necessity of in-person visits. Users complete a medical questionnaire, after which Zava's doctors assess the requested treatments and recommend suitable options. This approach covers a range of health issues, including sexual health, chronic conditions, and travel-related requests, ensuring patients have reliable access to medical advice. Zava aims to streamline the healthcare process by eliminating unnecessary barriers, allowing patients to obtain care discreetly and affordably. The service includes ongoing support, as patients can reach out to doctors with questions about their treatment or health concerns at no additional cost.

SFC Energy

Post in 2019
SFC Energy AG specializes in developing, producing, and distributing power generation systems and components that utilize fuel cell technology for both off-grid and on-grid applications. The company operates in various sectors, including Oil & Gas, Defense & Security, Industry, and Clean Energy & Mobility. Its product offerings include SCADA systems for facility monitoring, energy automation solutions, and hybrid fuel cell systems like EFOY Pro, designed for off-grid power needs. Additionally, SFC Energy provides a range of portable power supplies, such as the JENNY fuel cell for mobile applications and the EFOY JUPITER hydrogen fuel cell for versatile energy solutions. The company, founded in 2000 and headquartered in Brunnthal, Germany, emphasizes innovation in mobile energy solutions and power management across its target markets, with a significant portion of its revenue derived from North America. SFC Energy was previously known as SFC Smart Fuel Cell AG until its name change in 2010.

EGYM

Series D in 2018
EGYM is a global fitness technology company that specializes in providing intelligent workout solutions for fitness and health facilities. The company offers a comprehensive platform that integrates connected gym equipment and software, enabling operators to enhance the workout experience for their members. EGYM's offerings include a B2B corporate fitness subscription solution tailored for employers, as well as personalized, data-driven fitness experiences for users. This approach supports individuals in achieving their fitness goals, whether related to muscle gain, performance, or rehabilitation. EGYM's commitment to member success is reflected in its belief that the success of gym operators is intrinsically linked to the progress of their members towards improved physical and mental wellness.

Tiqets

Series B in 2018
Tiqets is a ticketing platform that simplifies the process of purchasing admission tickets for museums and attractions worldwide. Founded in 2014 and headquartered in Amsterdam, the company provides travelers with hassle-free access to cultural experiences through instant and mobile tickets, allowing users to buy e-tickets in advance and use them directly from their smartphones. This eliminates the need to wait in long lines at venues. In addition to serving consumers, Tiqets offers technology and marketing tools to museums and attractions, helping them enhance onsite conversions and encourage repeat visits. The platform connects a wide range of prominent venues across Europe, the United States, and the Middle East, effectively revolutionizing ticket purchasing for both local and international visitors. Tiqets has expanded its presence with offices in several major cities, including London, Bangkok, and Tokyo.

Uberall

Series B in 2018
Uberall GmbH operates an online presence management platform designed to enhance the visibility and engagement of local businesses such as stores, restaurants, and public institutions. Founded in 2012 and based in Berlin, the company offers various solutions, including the Location Control Center, which helps clients manage their location data and content, and the uberListing network that distributes this information across numerous digital platforms. Additionally, Uberall provides tools for reputation management and customizable store pages, allowing businesses to monitor and improve their online presence on platforms like Facebook, Google, and Yelp. The company's services facilitate the seamless transition from online discovery to offline sales, catering to both small and medium-sized enterprises as well as larger corporations. With a focus on location marketing and analytics, Uberall aims to drive customer engagement and boost sales across various digital touchpoints.

PPRO

Series C in 2018
PPRO is a fintech company specializing in digital payments infrastructure, enabling businesses and banks to streamline their payment processes through a single connection. The company offers a comprehensive platform that includes credit card processing, alternative payment methods, local cash collection, e-money accounts, and e-wallet facilities. PPRO's solutions allow payment platforms, acquirers, and merchants to access essential services, such as fraud screening tools, without the need for complex coding. Its orchestration layer efficiently manages process flows and data, ensuring that partners can deliver seamless end-to-end services to their customers. Notable clients, including Citi, PayPal, and Stripe, utilize PPRO's infrastructure to enhance their operations, improve conversion rates, and simplify the complexities associated with digital payments.

Uberall

Series B in 2018
Uberall GmbH operates an online presence management platform designed to enhance the visibility and engagement of local businesses such as stores, restaurants, and public institutions. Founded in 2012 and based in Berlin, the company offers various solutions, including the Location Control Center, which helps clients manage their location data and content, and the uberListing network that distributes this information across numerous digital platforms. Additionally, Uberall provides tools for reputation management and customizable store pages, allowing businesses to monitor and improve their online presence on platforms like Facebook, Google, and Yelp. The company's services facilitate the seamless transition from online discovery to offline sales, catering to both small and medium-sized enterprises as well as larger corporations. With a focus on location marketing and analytics, Uberall aims to drive customer engagement and boost sales across various digital touchpoints.

Ngdata

Series C in 2017
NGDATA, headquartered in Ghent, Belgium, specializes in consumer intelligence management solutions. The company offers a customer data platform that integrates big data management and machine learning technologies, providing real-time insights and enabling personalized customer experiences. NGDATA serves various industries, including finance, retail, and media, with offices in Belgium, France, Singapore, and the United States.

Tiqets

Series B in 2017
Tiqets is a ticketing platform that simplifies the process of purchasing admission tickets for museums and attractions worldwide. Founded in 2014 and headquartered in Amsterdam, the company provides travelers with hassle-free access to cultural experiences through instant and mobile tickets, allowing users to buy e-tickets in advance and use them directly from their smartphones. This eliminates the need to wait in long lines at venues. In addition to serving consumers, Tiqets offers technology and marketing tools to museums and attractions, helping them enhance onsite conversions and encourage repeat visits. The platform connects a wide range of prominent venues across Europe, the United States, and the Middle East, effectively revolutionizing ticket purchasing for both local and international visitors. Tiqets has expanded its presence with offices in several major cities, including London, Bangkok, and Tokyo.

Aevi

Venture Round in 2016
Aevi is a FinTech company focused on creating a more open payment ecosystem, enabling seamless transactions for users globally. The company operates a cloud-based platform that facilitates the flow of payment and transaction data across various channels and consumer touchpoints, enhancing the in-person payment experience. By connecting digital and physical payment channels, Aevi simplifies the payment infrastructure with an advanced payment gateway compatible with both legacy and modern devices. This allows merchants to manage their businesses effectively while improving customer experiences in-store. With a presence in Europe, Australia, and the United States, Aevi has established offices in London, Prague, and Paderborn, furthering its mission to liberate payment processes and provide comprehensive analytics for informed decision-making.

EGYM

Series C in 2016
EGYM is a global fitness technology company that specializes in providing intelligent workout solutions for fitness and health facilities. The company offers a comprehensive platform that integrates connected gym equipment and software, enabling operators to enhance the workout experience for their members. EGYM's offerings include a B2B corporate fitness subscription solution tailored for employers, as well as personalized, data-driven fitness experiences for users. This approach supports individuals in achieving their fitness goals, whether related to muscle gain, performance, or rehabilitation. EGYM's commitment to member success is reflected in its belief that the success of gym operators is intrinsically linked to the progress of their members towards improved physical and mental wellness.

Airborne Technology

Private Equity Round in 2016
Airborne International is engaged in engineering, manufacturing, and supplying high-end composites structures for industries such as aerospace, defense, marine, high-end bicycles, and formula-one cars. It offers composites structures maintenance and repair services, including inspection and damage assessment, sealing and painting, and balancing. The company was founded in 1995 and is based in The Hague, the Netherlands.

Monedo

Series C in 2015
Monedo, a fintech company, leverages machine learning and alternative data sources to provide credit and digital banking services to the underbanked. Its offerings include consumer loans, a digital wallet, and a personal finance manager to help customers manage their credit score and spending. Additionally, Monedo's "Lending as a Service" model allows partners to integrate its credit products into their own platforms.

Monedo

Secondary Market in 2014
Monedo, a fintech company, leverages machine learning and alternative data sources to provide credit and digital banking services to the underbanked. Its offerings include consumer loans, a digital wallet, and a personal finance manager to help customers manage their credit score and spending. Additionally, Monedo's "Lending as a Service" model allows partners to integrate its credit products into their own platforms.

Monedo

Series B in 2014
Monedo, a fintech company, leverages machine learning and alternative data sources to provide credit and digital banking services to the underbanked. Its offerings include consumer loans, a digital wallet, and a personal finance manager to help customers manage their credit score and spending. Additionally, Monedo's "Lending as a Service" model allows partners to integrate its credit products into their own platforms.

Airborne Technology

Private Equity Round in 2014
Airborne International is engaged in engineering, manufacturing, and supplying high-end composites structures for industries such as aerospace, defense, marine, high-end bicycles, and formula-one cars. It offers composites structures maintenance and repair services, including inspection and damage assessment, sealing and painting, and balancing. The company was founded in 1995 and is based in The Hague, the Netherlands.

PPRO

Series A in 2014
PPRO is a fintech company specializing in digital payments infrastructure, enabling businesses and banks to streamline their payment processes through a single connection. The company offers a comprehensive platform that includes credit card processing, alternative payment methods, local cash collection, e-money accounts, and e-wallet facilities. PPRO's solutions allow payment platforms, acquirers, and merchants to access essential services, such as fraud screening tools, without the need for complex coding. Its orchestration layer efficiently manages process flows and data, ensuring that partners can deliver seamless end-to-end services to their customers. Notable clients, including Citi, PayPal, and Stripe, utilize PPRO's infrastructure to enhance their operations, improve conversion rates, and simplify the complexities associated with digital payments.

Cotesa

Acquisition in 2012
COTESA GmbH is a manufacturer specializing in fiber-reinforced composite components, primarily catering to the aviation and automotive industries. The company focuses on the development of advanced production technologies for components such as frames and stringers used in airplane fuselage structures made from carbon fiber-reinforced polymer. Operating from a technology center in Nordenham, Lower Saxony, COTESA engages in regional research projects to enhance its capabilities in industrial process management, construction, technology development, and testing. By providing lightweight multidimensional sandwich structures and comprehensive services, COTESA aims to deliver innovative solutions that meet the evolving demands of its clients.

Cotesa

Venture Round in 2012
COTESA GmbH is a manufacturer specializing in fiber-reinforced composite components, primarily catering to the aviation and automotive industries. The company focuses on the development of advanced production technologies for components such as frames and stringers used in airplane fuselage structures made from carbon fiber-reinforced polymer. Operating from a technology center in Nordenham, Lower Saxony, COTESA engages in regional research projects to enhance its capabilities in industrial process management, construction, technology development, and testing. By providing lightweight multidimensional sandwich structures and comprehensive services, COTESA aims to deliver innovative solutions that meet the evolving demands of its clients.

SFC Energy

Post in 2010
SFC Energy AG specializes in developing, producing, and distributing power generation systems and components that utilize fuel cell technology for both off-grid and on-grid applications. The company operates in various sectors, including Oil & Gas, Defense & Security, Industry, and Clean Energy & Mobility. Its product offerings include SCADA systems for facility monitoring, energy automation solutions, and hybrid fuel cell systems like EFOY Pro, designed for off-grid power needs. Additionally, SFC Energy provides a range of portable power supplies, such as the JENNY fuel cell for mobile applications and the EFOY JUPITER hydrogen fuel cell for versatile energy solutions. The company, founded in 2000 and headquartered in Brunnthal, Germany, emphasizes innovation in mobile energy solutions and power management across its target markets, with a significant portion of its revenue derived from North America. SFC Energy was previously known as SFC Smart Fuel Cell AG until its name change in 2010.

Airborne Technology

Funding Round in 2010
Airborne International is engaged in engineering, manufacturing, and supplying high-end composites structures for industries such as aerospace, defense, marine, high-end bicycles, and formula-one cars. It offers composites structures maintenance and repair services, including inspection and damage assessment, sealing and painting, and balancing. The company was founded in 1995 and is based in The Hague, the Netherlands.
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